Athletes and spectators face a scramble to reach Paris in time for the 2024 Olympic Games as a major IT outage continues to cause global air travel chaos. American Airlines and Delta have grounded flights following an apparent issue stemming from a software upgrade at Microsoft's cybersecurity partner Crowdstrike.
United Airlines set a record as it carried 44.4 million passengers — the highest for any second quarter in its history, the company said Thursday (July 18). “We're running the best operation in our history,” United Airlines CEO Scott Kirby said during the earnings call for the quarter ended June 30.
United Airlines Holdings, Inc. (NASDAQ:UAL ) Q2 2024 Results Conference Call July 18, 2024 10:30 AM ET Company Participants Kristina Edwards - Managing Director, Investor Relations Scott Kirby - Chief Executive Officer Brett Hart - President Andrew Nocella - Executive Vice President, Chief Commercial Officer Mike Leskinen - Executive Vice President, Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Andrew Didora - Bank of America Conor Cunningham - Melius Research Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Duane Pfennigwerth - Evercore ISI Sheila Kahyaoglu - Jefferies Brandon Oglenski - Barclays Savi Syth - Raymond James Ravi Shanker - Morgan Stanley Tom Fitzgerald - TD Cowen Mary Schlangenstein - Bloomberg News Claire Bushey - Financial Times Operator Good morning. And welcome to the United Airlines Holdings Earnings Conference Call for the Second Quarter 2024.
United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) shares traded higher after stronger-than-expected profits for the second quarter overshadowed an earnings miss and softer guidance. Adjusted earnings per share (EPS) for Q2 were $4.14, in line with the airline's guidance and ahead of Street estimates of $3.97.
United Airlines (UAL) second-quarter 2024 revenues benefit from an uptick in air-travel demand.
United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares.
Although the revenue and EPS for United (UAL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
United Airlines (UAL) came out with quarterly earnings of $4.14 per share, beating the Zacks Consensus Estimate of $3.97 per share. This compares to earnings of $5.03 per share a year ago.
Shares of United Airlines Holdings Inc. dropped more than 3% in the extended session Wednesday after the airline reported a mixed second quarter and guided for lower-than-expected profit in the current quarter.
United Airlines grew its second-quarter profit thanks to strong travel demand, especially international markets. United and Delta have been standouts in an airline industry awash in U.S. domestic capacity.
United Airlines Holdings Inc (NASDAQ:UAL) will report third-quarter earnings after the close tomorrow, July 17.
United Airlines flight attendants will vote whether to authorize a strike if agreement on a new employment contract cannot be reached, their union said on Tuesday.